🚀**100,000 becomes 3 million? Stop dreaming, 1000x leverage contract is a pitfall! **💥

A few days ago, a friend asked me: "Brother Lazy Sheep, if I take 100,000 yuan, open a 1000x leverage contract, and make 3 million, can I withdraw it?" When I heard it, I thought this guy is still too young! 😅

First of all, we have to understand that 1000x leverage contract sounds exciting, but the risk is huge!  Just like when you play an exciting game, you may fall on your back if you are not careful. 🤕

This contract has a "banker" mechanism, which simply means that someone is betting against you. You open a 1000x leverage, and the other party moves his finger slightly, the price drops by 0.1%, and you may lose all your money! 💸

And, the exchange's handling fees are ridiculously high! Once you trade, most of your money may be sucked away by the handling fees. 😱

Finally, even if you make 3 million, it is just a number on paper. Because this 3 million means that someone has lost 3 million, and the other party may force liquidation. At that time, whether you can withdraw the money smoothly is still a question! 💔

So, friends, don’t be blinded by the fantasy of getting rich overnight! Be cautious when investing, don’t touch those high-risk things! 🙅

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